U.S. dollar market of Kazakhstan: day results

/IRBIS, October 8, 02/ - Following is the table of major indicators of Kazakhstan market for U.S. dollar (more than 99% of country's all currency market). Trends are shown relative to corresponding figures of previous day. ------------------------------------------------------------------------------------ Trades in U.S. dollars at Kazakhstan stock exchange (KASE) ------------------------------------------------------------------------------------ Instrument USD TOD USD TOD USD TOM USD SPOT Session Main Additional. Evening Evening Time of trades (AST) 10:15a-11:00a 11:30a-3:30p 2:00p-6:00p 2:00p-6:00p Rate (KZT/USD) 154.43(-0.02) 154.46(+0.02) 154.46(+0.01) - Volume of session (m) 23.605(+18.275) 3.070(-0.270) 0.200(-0.300) 0 Bid 154.43(-0.01) 154.44(+0.02) 154.41(-0.03) - Offer 154.44(-0.01) 154.46(+0.02) 154.48(+0.02) - Number of participants 13(-3) 12(-1) 4( 0) - ---------------------- --------------- ------------- ------------- ------------- Indicative U.S. dollar quotations in over-the-counter market in information system REUTERS at closing of KASE sessions (disregarding settlement dates) ------------------------------------------------------------------------------------ Bid 154.42(+0.01) 154.42(+0.02) 154.42(-0.02) Offer 154.45(+0.01) 154.47(+0.02) 154.47(+0.02) ------------------------------------------------------------------------------------ Notes: weighted average rate is given for main and evening sessions, for additional - closing rate; best ask and offer prices at closing of the trades are shown as the Exchange's quotations. Today activity of money market's participants significantly increased. Morning trades showed that USD offer volume from second tier banks exceeds their volume of demand. Most probably enterprises sell their currency proceeds and it caused some tenge strengthening. BY the moment of day session opening most part of bids had been satisfied already, and during the day sellers managed to raise the rate by several points. Judging on all. USD offer volume influences forming of its rate. On the reason the market went down by several points whereas there were significant sums of sales, dollar was able to regain its positions after decreasing of such the "pressure". Taking into account all market's parameters, on Wednesday one can expect growth of USD rate, however it is possible that there will appear next volume of bids for dollar sale, as the result of which tenge may strengthen by 1-2 points. [2002-10-08]